November 30, 2016 - By Peter Kolinski
Teck Resources (NYSE:TCK)‘s stock was upped to “Hold” by analysts at Berenberg. TCK’s “Sell” rating is no longer valid.
Out of 18 analysts covering Teck Resources (NYSE:TCK), 9 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 50% are positive. $30 is the highest target while $4 is the lowest. The $13.13 average target is -48.43% below today’s ($25.46) stock price. Teck Resources has been the topic of 32 analyst reports since July 23, 2015 according to StockzIntelligence Inc. JP Morgan maintained it with “Neutral” rating and $8 target price in Tuesday, April 19 report. The firm has “Buy” rating given on Friday, October 23 by BB&T Capital. The stock has “Underweight” rating given by Barclays Capital on Thursday, January 14. The firm earned “Equal-Weight” rating on Thursday, September 15 by Morgan Stanley. Raymond James upgraded the shares of TCK in a report on Thursday, August 4 to “Market Perform” rating. The stock of Teck Resources Ltd (USA) (NYSE:TCK) has “Market Perform” rating given on Thursday, April 21 by FBR Capital. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 12. The firm has “Buy” rating given on Wednesday, November 16 by Deutsche Bank. As per Tuesday, April 19, the company rating was downgraded by CLSA. The firm has “Buy” rating given on Friday, October 7 by Deutsche Bank.
About 1.92 million shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 123.21% since April 27, 2016 and is uptrending. It has outperformed by 117.98% the S&P500.
Analysts await Teck Resources Ltd (USA) (NYSE:TCK) to report earnings on February, 9. They expect $0.97 EPS, up 4,750.00% or $0.95 from last year’s $0.02 per share. TCK’s profit will be $545.58M for 6.56 P/E if the $0.97 EPS becomes a reality. After $0.20 actual EPS reported by Teck Resources Ltd (USA) for the previous quarter, Wall Street now forecasts 385.00% EPS growth.
Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The company has a market cap of $14.32 billion. The Firm operates through five divisions: steelmaking coal, copper, zinc, energy and corporate. It currently has negative earnings. Through its interests in mining and processing activities in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.
According to Zacks Investment Research, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada.”
More notable recent Teck Resources Ltd (USA) (NYSE:TCK) news were published by: Investorplace.com which released: “Investing in the Trump Economy: Coal and Teck Resources Ltd (USA) (TCK)” on November 22, 2016, also Fool.ca with their article: “Teck Resources Ltd.: Next Stop $40?” published on October 12, 2016, Fool.ca published: “Trump Effect Driving Copper Higher: Time to Buy Teck Resources Ltd.?” on November 10, 2016. More interesting news about Teck Resources Ltd (USA) (NYSE:TCK) were released by: Fool.ca and their article: “What’s Next for Teck Resources Ltd.?” published on October 20, 2016 as well as Fool.ca‘s news article titled: “Teck Resources Ltd.: Should You Buy Ahead of the Q3 Report?” with publication date: October 25, 2016.
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